LOAD CELL MARKET TO REACH VALUATION OF ~US$ 278 BN BY 2027

Posted by Katheine Silway on April 23rd, 2021

Load Cell Market: Introduction

Transparency Market Research delivers key insights on the global load cell market. In terms of revenue, the global load cell market is estimated to expand at a CAGR of ~4% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global load cell market.

Load cells are used to measure weight by converting the force into electric output, which is measurable. Load cells have multiple applications such as baby scales, truck scales, supermarket scales, test and measurement equipment, waste collection vehicles, overhead cranes, infant incubators, hospital beds, and oil well pumps.

Load Cell Market: Dynamics

Load cells are transducers that convert mechanical force to electric output. They help in precise measurement of weight. They are employed in several sectors, including agriculture, automotive, food & beverages, and industrial. Load cells provide a large number of benefits when used in agriculture, automotive, and industrial applications. Furthermore, load cells provide accurate weight even under harsh environments, including extreme temperatures and humidity and extreme weather conditions. Owing to the ability to withstand harsh environments, the demand for load cells is on the rise. Several manufacturers are developing new products to cater to various applications. For instance, in 2019, Straightpoint, a load cell manufacturer, launched the Bluelink load cell, which is suitable for use in severe industrial environments.